What Is a Government Failure? List Four Reasons Why It

question 21

Essay

What is a government failure? List four reasons why it might occur.

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Definitions:

Organizational Environment

Represents the external and internal factors that influence an organization's functioning and decision-making processes.

Mental Model

An individual's internal representation of the external reality, a framework that helps in understanding, reasoning, and predicting.

External Environment

All outside factors and influences that impact the operation and success of an organization, including economic, technological, legal, and social elements.

Organizational Culture

The values, beliefs, attitudes, and behaviors shared by members of an organization, which influence its decisions, actions, and overall functioning.